TMI BlogFiling of IT ReturnsX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Learned Friends, Kindly clarify the following queries: 1) A person has a PAN Card but his/her annual income is below the taxable limit; though he/she has no taxable income as above said, is it mandatory to file nil returns. 2) An assessee who regularly files return as long as he/she is in service and earning salary resigns and remains un-employed during the next following years and during ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that period the income of him/her is well below the taxable limit.Is it mandatory to file the returns in such situation or can he/she choose not to file returns since there is no taxable income during the period he/she remains unemployed. Thanks With Regards, K.S.Vatsan - Reply By ALOKE GHOSH - The Reply = Dear Mr. Vatsan In respect to your first query - It is not mandatory for any person ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... if he possess PAN while he/she has no taxable income and no NIL return is required to be filed. If latter on the department ask for clarification in respect to non filing of return, you have to establish that as you had no income accordingly you have not filed any return. In respect to your second question- If the assesses remain unemployed and having no taxable income whatsoever, he/she is not ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... liable to file return of income. - Filing of IT Returns - Query Started By: - Srivatsan Krishnamachari Dated:- 3-5-2014 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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